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Products and service distributor to to industrial customers $DXPE posted a loss for 1Q16, hurt by continued sales declines. $DXPE said it posted a net loss of $5.11MM, or $0.35 per share compared to a net income of $9.6MM, or $0.63 per share a year ago. Revenue fell 25.75% to $253.56MM.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.